An Analysis of Amos Tversky and Daniel Kahneman's Judgment Under Uncertainty

An Analysis of Amos Tversky and Daniel Kahneman's Judgment Under Uncertainty
Author :
Publisher : CRC Press
Total Pages : 93
Release :
ISBN-10 : 9781351350600
ISBN-13 : 1351350609
Rating : 4/5 (609 Downloads)

Book Synopsis An Analysis of Amos Tversky and Daniel Kahneman's Judgment Under Uncertainty by : Camille Morvan

Download or read book An Analysis of Amos Tversky and Daniel Kahneman's Judgment Under Uncertainty written by Camille Morvan and published by CRC Press. This book was released on 2017-07-05 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amos Tversky and Daniel Kahneman’s 1974 paper ‘Judgement Under Uncertainty: Heuristics and Biases’ is a landmark in the history of psychology. Though a mere seven pages long, it has helped reshape the study of human rationality, and had a particular impact on economics – where Tversky and Kahneman’s work helped shape the entirely new sub discipline of ‘behavioral economics.’ The paper investigates human decision-making, specifically what human brains tend to do when we are forced to deal with uncertainty or complexity. Based on experiments carried out with volunteers, Tversky and Kahneman discovered that humans make predictable errors of judgement when forced to deal with ambiguous evidence or make challenging decisions. These errors stem from ‘heuristics’ and ‘biases’ – mental shortcuts and assumptions that allow us to make swift, automatic decisions, often usefully and correctly, but occasionally to our detriment. The paper’s huge influence is due in no small part to its masterful use of high-level interpretative and analytical skills – expressed in Tversky and Kahneman’s concise and clear definitions of the basic heuristics and biases they discovered. Still providing the foundations of new work in the field 40 years later, the two psychologists’ definitions are a model of how good interpretation underpins incisive critical thinking.


An Analysis of Amos Tversky and Daniel Kahneman's Judgment Under Uncertainty Related Books

An Analysis of Amos Tversky and Daniel Kahneman's Judgment Under Uncertainty
Language: en
Pages: 93
Authors: Camille Morvan
Categories: Business & Economics
Type: BOOK - Published: 2017-07-05 - Publisher: CRC Press

DOWNLOAD EBOOK

Amos Tversky and Daniel Kahneman’s 1974 paper ‘Judgement Under Uncertainty: Heuristics and Biases’ is a landmark in the history of psychology. Though a me
Judgment Under Uncertainty
Language: en
Pages: 574
Authors: Daniel Kahneman
Categories: Psychology
Type: BOOK - Published: 1982-04-30 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, a
Heuristics and Biases
Language: en
Pages: 884
Authors: Thomas Gilovich
Categories: Education
Type: BOOK - Published: 2002-07-08 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

This book, first published in 2002, compiles psychologists' best attempts to answer important questions about intuitive judgment.
Handbook of the Fundamentals of Financial Decision Making
Language: en
Pages: 941
Authors: Leonard C. MacLean
Categories: Business & Economics
Type: BOOK - Published: 2013 - Publisher: World Scientific

DOWNLOAD EBOOK

This handbook in two parts covers key topics of the theory of financial decision making. Some of the papers discuss real applications or case studies as well. T
Preference, Belief, and Similarity
Language: en
Pages: 1046
Authors: Amos Tversky
Categories: Psychology
Type: BOOK - Published: 2003-11-21 - Publisher: MIT Press

DOWNLOAD EBOOK

Amos Tversky (1937–1996), a towering figure in cognitive and mathematical psychology, devoted his professional life to the study of similarity, judgment, and